It is, indeed. BofA is only as big as it is because it was allowed to Kirby up dozens of regional banks in the late 90s/early 00s. It did nothing to earn its position and has done nothing but exploit it since. It is a poster child for anti-customer consolidation.
A tangent: Reading your comment, at first I smiled at the verb 'Kirby', thinking it was a reference to the vacuum company... then I realized that it may be a reference to the videogame character.
Then I wondered if the video game character's name is derived from the vacuum company, or is it a coincidence? Am I an idiot for never noticing that before?
Like most of my trains of thought, it ends with me cursing myself for being an idiot.
Oh, this story is quintessential US Americana, right down to the name.
I've long maintained that one of the biggest gifts to US corporations is how few of their customers visit other countries. If more of them ever saw functional banking (or humane healthcare, or competitive telephony and broadband, or a number of other things), a lot of rents would evaporate.